Brazil, the world’s third largest corn producer, is expected to increase output in 2023 while also increasing domestic consumption. The production of ethanol from corn in the states of Mato Grosso do Sul, Goiás, and Mato Grosso is contributing to this increase in consumption. Brazil will have produced 5.5 billion liters of corn ethanol by 2022, an increase of 800% over the previous five years. In 2030, 10 billion liters of fuel are expected. “Despite producing only 10% of the world’s corn, Brazil will become the export leader in 2022/23. Corn consumption will undergo an internal revolution, with a potential increase in value, owing largely to corn, which should provide opportunities for farmers “Glauber Silveira, CEO of Abramilho, said.
Sources: Agrolink/Canaonline (*Translated by Ia Niani)